There is inherent tension between the increasingly global focus of
foreign investors and the continuing national focus of governments.
Countries, particularly developing ones, compete to attract
investment from global corporations, and they attach performance
requirements to tilt the impact of those investments in their
favor. This is because the host nations expect investment to raise
growth levels, efficiency, and living standards. At the same time,
the home countries of such corporations worry that their firms are
not accorded fair and reciprocal treatment abroad. These issues
have become a source of conflict among nations, one that could
escalate considerably if an agreement is not soon reached. Graham's
study analyzes the nature and depth of the international investment
problem and its potential impact on the world economy and on
economic relations among nations. He urges that current rules on
foreign direct investment be enlarged and restructured via new
international rules and institutional arrangements and offers two
alternatives for doing so.
General
Imprint: |
The Peterson Institute for International Economics
|
Country of origin: |
United States |
Release date: |
June 1996 |
Authors: |
Edward Graham
|
Dimensions: |
228 x 154 x 8mm (L x W x T) |
Format: |
Paperback
|
Pages: |
168 |
ISBN-13: |
978-0-88132-111-1 |
Categories: |
Books >
Business & Economics >
Economics >
General
|
LSN: |
0-88132-111-7 |
Barcode: |
9780881321111 |
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